Interest Rates Are Rising Again. Did You Miss the Opportunity to Refinance?

·3 min read
Interest Rates Are Rising Again. Did You Miss the Opportunity to Refinance?

Mortgage interest rates hit record lows during the heart of the COVID-19 pandemic. Refinance rates are up considerably, and the Federal Reserve recently raised interest rates further. While the Federal Reserve's overnight rate doesn't directly impact mortgage costs, the fact it is now more expensive for banks to borrow overnight from each other will likely have an impact on what they charge for home loans.

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